Spot demand, global cues lift copper futures by 0.79%

Spot demand, global cues lift copper futures by 0.79%

29/09/2016 17:11

Copper futures were trading higher during the evening trade in the domestic market on Thursday as participants widened their bets in the industrial metal amid a pickup in physical demand for copper, in the domestic spot market, and tracking firm overseas cues. Further, the rise in prices for copper was attributed to a firm trend at the domestic markets following pick up in demand from consuming industries and positive global cues.

At the MCX, copper futures for November 2016 contract is trading at Rs 327 per kg, up by 0.79 per cent, after opening at Rs 325, against a previous close of Rs 324.45. It touched the intra-day high of Rs 327.30 (at 17:05 hours).

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